MICHAEL JORDAN’s take, I’m told, for agreeing to take control of the disenchanting Wizards is a comforting $56 million spread over five years; though I’m hard pressed to understand how anybody can place a concrete value on unestablished equity.

What we know for sure is Jordan is earning a petty $1M per year as team president. He also boasts a 20 percent stake in Ted Leonsis’ holding company (Wizards, Capitols and MCI Center), which translates into a six percent piece of the NBA franchise.

Leonsis, who owns a shade over 40 percent of the Wizards and MCI, as well as 100 percent of the Capitals, at some point, has the right to buy out Abe Pollin. At that time, Jordan’s percentage would grow proportionately without putting up any money.

At next Tuesday’s Board of Governors meeting in New York, “Easy” Mark Cuban of the Mavericks and Michael Heisley of the Grizzlies will be sworn as owners. It has taken Cuban this long to get approved because his new partners insist on grilling him en masse, in person, concerning some of the more bizarre things he has said and done regarding the Mavs; and the fact he has said and done them despite not being officially in charge.

It occurs to me, there’s nothing more dangerous than a billionaire with nothing to do every day but run a team and e-mail his life away.

CINCINNATI’s Bob Huggins, who had the Heat job locked up until Pat Riley decided he wanted it, figures to be interviewed for at least one (the Pacers) of the many NBA openings. By my count, they’re could be 10 and that’s just with the Mavericks.

From what I’ve seen of Huggins, he should do fine in the pros as long as his first assistant doesn’t go down.

Moreover, his graduation rate is guaranteed to improve.

Not that NBA teams are exactly salivating to recruit college coaches. Think about it, in the past 10 years, a mere five have made the jump. None of them has particularly distinguished himself. Extinguished themselves would be closer to the truth.

Jerry Tarkanian barely lasted a single Spurs investigation.

The Nets preferred to be flogged in public by the opposition than be coached another day by John Calipari.

P.J. Carlesimo was run out of Portland by management and Golden State by the players.

Thanks to the kindness Bulls GM Jerry Krause, Tim Floyd will never get another job again once he gets fired from Chicago. I’m talking NBA and college. Which only goes to show, when a friend offers you a rope to reach higher ground, make sure it’s not a noose.

Meanwhile, Rick Pitino, the only one with former NBA experience, is now blaming his team’s ineptitude on the city of Boston’s mistreatment of Ted Williams.

This just in: The Cavaliers have quit on Mike Fratello.

CAN’T believe how the Garden went out of its way to embarrass John Andariese for not complying with The Dolans’ 11th Commandment: Thou shalt not break company rules regarding the sale of free tickets provided by a contract perk.

You don’t know how tempted I am to expose one of its more sanctimonious executives for a whole lot worse.

Before joining the Garden, I know for a fact this man frequently scalped impossible-to-get tickets … purchased from a number of players in a city other than New York. And now he’s part of policy-making and handing out sentences. What a farce!

We all know, of course, why Andariese was really reprimanded. He must’ve been the one who sold Ed Tapscott his All-Star seat alongside Ernie Grunfeld.

THE Raptors are going so bad they’re liable to turn Toronto into a hockey town. Fortunately for coach Butch Carter, who has less job security at the moment than Jim Todd, his team’s next three opponents are the Hawks (just quit on Richie Guerin), Bulls and the Cavaliers who are in worse shape than Shawn Kemp.

Which reminds me, the truth can now be told: Cavalier counsel/part owner Dick Watson, over objections of Wayne Embry and Fratello, was responsible for importing Kemp several years ago. He felt Cleveland needed a star to lure fans back into Gund Arena.

Not that it’s my intention to get on Watson’s case or anything like that. Come on, anybody can make a mistake. This one just happens to be a little more costly ($11.7M/$12.6M/$21.5M/$25M guaranteed over the next four seasons) than your every day faux pas.

I’ve blown it now. Kemp recently sent word he was giving me one last chance. Another wisecrack at his expense and he wouldn’t name his next child after me.

We’ve been bombarded by the blaring news that Tim Duncan has introduced a new breakfast cereal. For the time being, “Slam Duncans” will be sold in San Antonio and later on in North Carolina and the Virgin Islands.

Although it got hardly any publicity, J.R. Rider also came out with a new cereal: “Raisin Banned.”

Duncan, by the way, received a big ovation from Doc Rivers during the pre-game introductions Tuesday in Orlando. OK, so it was the crowd, not Rivers.

Bad news: Warriors and Clippers have combined to lose last 20 games. Good News: Garry St. Jean and Elgin Baylor no longer have to tip the maitre d’ for prime seats in Secaucus.

Who says this is the end of the innocence? Paper Clip rookie Lamar Odom admits he’s frustrated yet feels, “I don’t see it getting any worse.”

Rasheed Wallace, the NBA’s all-time leader in technical fouls for a season, 34, says athletes should be role models for death-row inmates.